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Function: library

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File: /home/u936103050/domains/judicialtestseries.com/public_html/application/controllers/Webpage.php
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Function: library

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File: /home/u936103050/domains/judicialtestseries.com/public_html/application/controllers/Webpage.php
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Function: library

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File: /home/u936103050/domains/judicialtestseries.com/public_html/application/controllers/Webpage.php
Line: 7
Function: library

File: /home/u936103050/domains/judicialtestseries.com/public_html/index.php
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Function: require_once

Foreign Banks Cannot Engage Recovery Agents In India
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Foreign Banks Cannot Engage Recovery Agents In India

29 Jul 2019 08:31 pm

The High Court of Kerala has held that foreign banks or financial institutions cannot engage recovery agents in India to realize loan amounts defaulted by expatriates.

This was because the guidelines and master circulars issued by the Reserve Bank of India recognized recovery agents only for Indian banks, reasoned the division bench of Justices K Vinod Chandran and V G Arun.

Susheela vs. Director General of Police

WP (C ) OF 4715 OF 2017



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